Logitech International S.A. Announces Annual Dividend of CHF 1.36 (NASDAQ:LOGI)

Logitech International S.A. (NASDAQ:LOGI) declared an annual dividend on Thursday, June 18th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 1.36 per share by the technology company on Wednesday, September 23rd. This represents a yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.

Logitech International has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Logitech International to earn $5.45 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 9.6%.

Logitech International Stock Performance

NASDAQ LOGI opened at $107.64 on Friday. Logitech International has a fifty-two week low of $83.32 and a fifty-two week high of $129.66. The stock has a 50 day simple moving average of $105.46 and a two-hundred day simple moving average of $99.88. The stock has a market cap of $15.78 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.69 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Sell-side analysts predict that Logitech International will post 5.16 earnings per share for the current year.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.